I assume many of you are at least familiar with Facebook. But Seeing as I barely know what Snapchat is, I am assuming many of y'all don't. To give y'all the Gist: It's a app on smartphones that lets you send private/anonymous pictures and messages. The big deal is that after 10 seconds, the pictures and messages get erased. It's huge with teenagers right now ( I had to ask my baby sister what the hell it even was)
Also, the main draw to this from what I understand is that teenagers can send nude photos to each other without it "being stored forever" because the application offers the 10 second protection thing.
So why is this even a thing and why the hell should we care about it? Both good goddamn questions. My point is incoming.
Facebook just offered the Founder of Snapchat, a 23 year old kid. $3,000,000,000 for the 2 year old startup. And what's more mind boggling, he turned down the offer.
Snapchat currently GENERATES NO PROFITS. What everyone is banking on is the advertising rights to put advertisements at the bottom of every picture it sends.
What pisses me off is this: Everyone is jumping all over advertisement capabilities, it's what generated most of Facebook's $100 Billion valuation. And if you can create a quick little app with a handful of employees in an office and then get 3 Billion offers purely for advertising... why in the hell would you ever physically make anything ever again?
You can make iphone apps from your computer with a few hundred dollars worth of software, and pending vertical growth all you need is to buy server and database storage, which is getting cheaper every day.
Who is going to wake up at 5am to get down on a shop floor, get oil on their hands, cuts on their knuckles, put metal to metal and make anything when you can wake up at 10, and work in your pajamas from the comfort of your own home?
I mean If we keep just making things to promote advertising... Aren't we eventually going to run out of things to advertise about? If no one is making anything... then who is going to be buying advertising space?
Here is the Article for further reading: Facebook offered Snapchat $3 billion
Also, the main draw to this from what I understand is that teenagers can send nude photos to each other without it "being stored forever" because the application offers the 10 second protection thing.
So why is this even a thing and why the hell should we care about it? Both good goddamn questions. My point is incoming.
Facebook just offered the Founder of Snapchat, a 23 year old kid. $3,000,000,000 for the 2 year old startup. And what's more mind boggling, he turned down the offer.
Snapchat currently GENERATES NO PROFITS. What everyone is banking on is the advertising rights to put advertisements at the bottom of every picture it sends.
What pisses me off is this: Everyone is jumping all over advertisement capabilities, it's what generated most of Facebook's $100 Billion valuation. And if you can create a quick little app with a handful of employees in an office and then get 3 Billion offers purely for advertising... why in the hell would you ever physically make anything ever again?
You can make iphone apps from your computer with a few hundred dollars worth of software, and pending vertical growth all you need is to buy server and database storage, which is getting cheaper every day.
Who is going to wake up at 5am to get down on a shop floor, get oil on their hands, cuts on their knuckles, put metal to metal and make anything when you can wake up at 10, and work in your pajamas from the comfort of your own home?
I mean If we keep just making things to promote advertising... Aren't we eventually going to run out of things to advertise about? If no one is making anything... then who is going to be buying advertising space?
Here is the Article for further reading: Facebook offered Snapchat $3 billion